Teucrium WTI Crude Oil ETF
 (CRUD)

- NYSEARCA
CRUD is defunct since December 18, 2014. Lack of AUM
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  • Dec. 17, 2014, 2:55 AM
    • Oil prices are continuing their downward slide today, as markets brace for the outcome of the U.S. Federal Reserve meeting this afternoon.
    • Analysts anticipate an upward revision to GDP growth forecasts in response to the slump in oil prices, and expect the Fed to signal that a rate hike is likely in mid-2015.
    • Brent crude is still below the key $60 mark, down 0.4% at $59.77 a barrel. WTI is down 0.8% at $55.46.
    • ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, UWTI, USL, DWTI, DNO, SZO, OLO, TWTI, OLEM
    | Dec. 17, 2014, 2:55 AM | 3 Comments
  • Dec. 16, 2014, 7:29 AM
    • WTI crude oil earlier fell as low as $53.80 per barrel, but is now down 3.2% to $54.10. Brent crude (NYSEARCA:BNO) has dipped below $60 per barrel for the first time in five years.
    • “We need to see more evidence that that some production will stop and there’s less oil coming into the market before confidence can return,” says one analyst. “Until then, prices can continue to drop."
    • USO -2% premarket
    • ETFs: USO, OIL, UCO, SCO, BNO, UGA, DTO, DBO, CRUD, UWTI, USL, DWTI, UHN, DNO, SZO, OLO, OLEM, TWTI
    | Dec. 16, 2014, 7:29 AM | 8 Comments
  • Dec. 15, 2014, 5:50 AM
    • Brent crude and WTI have turned sharply around after tumbling to fresh 5-1/2 year lows overnight on OPEC's announcement that it will not cut output even if prices fall as low as $40/bbl.
    • The rally is pushing European shares higher. Brent crude is up 1.6% at $62.86, after hovering close to $60/bbl yesterday. WTI fell below $57 last night, but is now up 1% at $58.39 per barrel.
    • FTSE 100 +0.6; DAX +0.5; CAC 40 +0.6; Euro Stoxx 50 +0.6.
    • ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, UWTI, USL, DWTI, DNO, SZO, OLO, TWTI, OLEM
    | Dec. 15, 2014, 5:50 AM | 3 Comments
  • Dec. 14, 2014, 7:45 PM
    • WTI crude oil (NYSEARCA:USO) is off another 2% to $56.68 per barrel in early Sunday evening action.
    • Stock index futures are shrugging of the action for now, and the 10-year U.S. Treasury yield remains at the year-low of 2.08%.
    • Oil ETFs: USO, OIL, UCO, SCO, BNO, UGA, DTO, DBO, CRUD, UWTI, USL, DWTI, UHN, DNO, SZO, OLO, OLEM, TWTI
    | Dec. 14, 2014, 7:45 PM | 39 Comments
  • Dec. 14, 2014, 6:55 AM
    • Urging Gulf states to continue investing in exploration and production, OPEC Secretary General Abdalla Salem el-Badri said on Sunday that the the group has no target price for oil, and that the U.S. would continue to rely on Middle East crude for many years.
    • However, the OPEC leader acknowledged that oil prices have fallen more than the market should have dictated, stating "the fundamentals should not lead to this dramatic reduction (in price)."
    • Badri also related that there was still uncertainty over a need to convene an emergency OPEC meeting before June.
    • ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, UWTI, USL, DWTI, DNO, SZO, OLO, TWTI, OLEM
    | Dec. 14, 2014, 6:55 AM | 121 Comments
  • Dec. 12, 2014, 6:27 PM
    • U.S. oil drillers idled the most rigs in almost two years last week, dropping by 29 to 1,546 for the lowest level since June and the biggest decline since December 2012, according to Baker Hughes' (NYSE:BHI) latest survey.
    • This week’s slowdown is one of the first significant drops seen in the rig count since oil began to fall from highs of more than $100/bbl this summer; nearly all of the idled oil rigs were in Texas.
    • Rig counts remain higher across the board in 2014 than a year ago, but "the bulk of the cuts are yet to come,” says a Wood Mackenzie analyst. “The trend is pointing down and we’re entering into a period of new budgets. January and February are the months to watch.”
    • ETFs: USO, OIL, UCO, OIH, SCO, XOP, BNO, DTO, DBO, XES, IEO, CRUD, IEZ, UWTI, PXE, USL, DWTI, DNO
    | Dec. 12, 2014, 6:27 PM | 17 Comments
  • Dec. 12, 2014, 3:27 PM
    • Off 3.8% today to $57.68 per barrel, WTI crude oil (USO -3.4%) has tumbled 12% for the week, 16% since Thanksgiving when OPEC couldn't agree on production cuts, and nearly 50% since its peak for the year in mid-June.
    • A bear market like this hardly needs an excuse to go lower, but today's cut in estimated 2015 oil demand by the IEA makes for a nice reason.
    • Unsurprisingly, the XLEdown 1.3% on the session - is underperforming most sectors and the broad averages.
    • On the bright side: The crash in oil prices appears to be boosting consumer sentiment which unexpectedly jumped to its highest level in seven years.
    • ETFs: USO, OIL, UCO, SCO, BNO, UGA, DTO, DBO, CRUD, UWTI, USL, DWTI, UHN, DNO, SZO, OLO, OLEM, TWTI, XLE, ERX, VDE, OIH, ERY, DIG, DUG, IYE, FENY, PXJ, RYE, FXN, DDG
    | Dec. 12, 2014, 3:27 PM | 20 Comments
  • Dec. 12, 2014, 7:49 AM
    • There's little comfort for oil bulls in the latest monthly report from the International Energy Agency, which cut its forecast for global oil demand growth for the fifth time in six months and said sliding oil prices will not dent global supply or hit demand in the short term.
    • The IEA forecast that world oil demand will increase by 900K bbl/day in 2015, 230K less than its previous outlook and a more modest increase from this year’s increase in demand of 700K bbl/day, its weakest in five years.
    • The IEA said several years of record high prices have "induced the root cause" of the recent oil price rout - the surge in non-OPEC supply to its highest growth ever and a contraction in demand growth to five-year lows.
    • Brent crude -0.9% to $63.12, WTI -1.2% to $59.24; S&P -0.4% and Dow -0.5% premarket, as European markets are lower across the board.
    • ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, UWTI, USL, DWTI, DNO, SZO, OLO, TWTI, OLEM
    | Dec. 12, 2014, 7:49 AM | 11 Comments
  • Dec. 12, 2014, 4:24 AM
    • European stocks are on the decline as commodity prices continued to fall while the take-up of the ECB's latest cheap money program, known as TLTROs, met expectations on Thursday, but was still disappointing compared to earlier expectations.
    • Brent crude hit a five and a half year low today, touching $63 a barrel, while WTI dropped as much as $58.80/bbl - also the weakest since July 2009.
    • FTSE 100 -1.5; DAX -1.6; CAC 40 -1.5; Euro Stoxx 50 -1.5.
    • ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, UWTI, USL, DWTI, DNO, SZO, OLO, TWTI, OLEM
    | Dec. 12, 2014, 4:24 AM | 9 Comments
  • Dec. 11, 2014, 4:57 PM
    • Oil has continued to slide in post-close trade, now down nearly another 1% and threatening to crack below $59 per barrel. USO -0.75% after-hours.
    • S&P 500 (NYSEARCA:SPY) futures are lower by 0.2%.
    • Added to the list of excuses to sell is the possibility of a government shutdown should Congress not pass a funding bill by midnight. The White House doesn't expect a shutdown to occur as lawmakers are in the midst of rounding up the necessary votes, but talks could always falter.
    • ETFs: USO, OIL, UCO, SCO, BNO, UGA, DTO, DBO, CRUD, UWTI, USL, DWTI, UHN, DNO, SZO, OLO, OLEM, TWTI
    | Dec. 11, 2014, 4:57 PM | 22 Comments
  • Dec. 11, 2014, 5:05 AM
    • "Why should I cut production?" said Saudi Arabia’s oil minister Ali Al-Naimi in response to questions over whether he thought it would be necessary to reduce output prior to OPEC's next meeting in June.
    • While oil prices have fallen more than $10 a barrel since OPEC's Vienna meeting, Naimi showed no greater concern, saying that the market would be left to balance itself without the Kingdom's intervention.
    • Crude plunged yesterday as OPEC cut its demand forecast for 2015, but has now rebounded, up 0.4% at $61.19/bbl.
    • ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, UWTI, USL, DWTI, DNO, SZO, OLO, TWTI, OLEM
    | Dec. 11, 2014, 5:05 AM | 5 Comments
  • Dec. 10, 2014, 10:55 AM
    • WTI crude oil is now lower by 4% to $61.27 per barrel after the EIA reported a 1.4M barrel increase in stocks vs. expectations for a decline of 2.2M. USO -3.7%
    • Gasoline (UGA -4.1%) stocks grew by 8.2M barrels vs. expectations for 2.6M, and distillates (UHN -0.8%) grew 5.6M barrels vs. a 900K estimate.
    • ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, UWTI, USL, DWTI, DNO, SZO, OLO, TWTI, OLEM
    | Dec. 10, 2014, 10:55 AM | 24 Comments
  • Dec. 10, 2014, 8:25 AM
    • Crude oil futures continue their downward slide as OPEC forecasts demand for its oil will drop to a 12-year low 28.9M bbl/day next year, compared with 29.4M bbl/day in 2014.
    • The 2015 projection is more than 1M bbl/day below last month's OPEC production and less than the 30M-barrel target the cartel reaffirmed at the Vienna meeting.
    • "The downward revision reflects the upward adjustment of non-OPEC supply as well as the downward revision in global demand,” OPEC says.
    • Traders will be watching U.S. oil inventory data due later today as it could give a clear indication of higher stock levels, which could lead to further price pullbacks.
    • Brent crude -1.6% to $65.75; WTI -1.9% to $62.60.
    • ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, UWTI, USL, DWTI, DNO, SZO, OLO, TWTI, OLEM
    | Dec. 10, 2014, 8:25 AM | 9 Comments
  • Dec. 9, 2014, 9:54 AM
    | Dec. 9, 2014, 9:54 AM | 15 Comments
  • Dec. 9, 2014, 2:50 AM
    • U.S. Representative Joe Barton will introduce a bill today to lift the 40-year ban on exports of crude oil, a ban enacted by Congress after the Arab oil embargo in the 1970s.
    • The measure has a slim chance of passing due to lawmaker concerns about fuel prices and costs to refiners.
    • A similar hearing later this week by the House of Representatives subcommittee on energy and power will discuss whether the export restriction makes sense amid the domestic drilling boom.
    • ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, UWTI, USL, DWTI, DNO, SZO, OLO, TWTI, OLEM
    | Dec. 9, 2014, 2:50 AM | 6 Comments
  • Dec. 8, 2014, 11:15 AM
    | Dec. 8, 2014, 11:15 AM | 16 Comments
CRUD Description
The Teucrium WTI Crude Oil Fund (NYSE: CRUD) will provide investors unleveraged direct exposure to crude oil without the need for a futures account. The Teucrium WTI Crude Oil Fund was also designed to reduce the effects of contango and backwardation. CRUD, as a result of the diversified futures structure, was specifically designed to reduce the cost of rolling the investment when compared to funds that hold only a single month.
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